19 Scott Grove
PASSED IN - $3,710,000
I checked my iphone as I began to text "Just passed in..." and it was 12 pm! "Yes it did take as long as it felt" I thought to myself. This wasn't a comfortable spectacle as bidder 2 exhibited his impatience whilst bidders 1 and 3 remained quiet. Auctioneer Andrew Hayne did well to extract every last dollar during a long drawn out auction with most of the ...

Crowd Numbers: 120 people
Bidderman: 3 bidders
 

19 Scott Grove GLEN IRIS (Stonnington)

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Excellent land content as proportion of price
Good rental prospects
Seemingly low additional cash required after purchase

Concerns

Possible dating issues
Poor street presence & facade
Roof needs closer inspection
Interrupted floor levels
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 19 Scott Grove GLEN IRIS (Stonnington)

19 Scott Grove is all about the building: what is it worth now and what is it going to be worth in 5 and in 10 years time? The position is premium Glen Iris, and the block of land is hard to fault - oversize, a great street and good rear yard with minimal overlooking. Next door, a similar sized house but with a compromised floorplan, sold at a public auction recently with only one bidder for $2,700,000. This home also sold recently, but in slightly better times, i.e. 2010, for more than the quote they are now asking. So it all comes back to the building. Canny Builders build a lot in this area and have a solid reputation. As with most of the Canny buildings, the thought and value is in the floor plan - good sizes and good flow. My only complaint is with the pool - it restricts same level outdoor entertaining, the infinity line has a glass extra and the ground gap around the door (while no doubt necessary for drainage) is a little offputting. Finishes throughout are modern and of acceptable standard, and you can easily update cosmetically as time goes by if you choose. The important thing is that the bones are there. The question is its value now and in the future. It is a big home but it is not a classic home - so will it hold its value or is it approaching an update time? Will it look a bit tired in 3 to 5 years? Therefore what is the 2012 value of the building alone? That's the key question you will need to grapple with when valuing this home for you.

Mal James's Comments on 19 Scott Grove GLEN IRIS (Stonnington)

A very good modern home, that has a very functional floor plan and enjoys great modern lifestyle options. Pluses for me were the size of the rooms and the way the house stepped across at the back to maximise access to midday and afternoon sun. For some the fact that there is no living space on the first floor and the winding driveway access to the garage could be concerns. Other questions marks are what will this facade look like in ten years time and whether the pool may need a revamp soon. The street speaks for itself with many strong sales in recent years. We think this should attract a healthy following at the right price point.

 


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5
Bedroom
4
Bathroom
2
Parkings
1,267sqm
Land Area
Floor Plan Agent

Private Sale

Quote $3,500,000+

West Facing

Full James Rating Sheet

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Would you like to talk to us about finding or negotiating on your next home?
We buy 100 homes for our clients every year.
We buy Inner East and Bayside over $2m.